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Author Question: A bank offers a 6.35% annual interest rate compounded daily. The APY is approximately (Read 380 times)

Ebrown

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on: May 5, 2020

Question 1

A bank offers a 6% annual interest rate compounded monthly. The APY is approximately
◦ 5.75%.
◦ 6.27%.
◦ 6.17%.
◦ 6%.
◦ none of these

Question 2

A bank offers a 6.35% annual interest rate compounded daily. The APY is approximately
◦ 6.56%.
◦ 5.36%.
◦ 6.82%.
◦ 7.02%.
◦ none of these
Excursions in Modern Mathematics ¦ Tannenbaum ¦ 9th Edition
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Marked as best answer by Ebrown on May 5, 2020

orangecrush

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Reply #1 on: May 5, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Carmen Mejia

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Reply #2 on: Oct 25, 2021
thank u
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